Thursday, March 06, 2008

Billionaire : Transfer of the wealth.

Over the past decade, Bill Gates was #1 richest man. Not any more! Its Warren Buffet. Next year will certainly other, as Warren donated the money to Charity.

People and Company were dominated by US in the past. Due to globalization, transfer of wealth occured across the country. China has more wealthier company than any other country in top 10. US is still dominated by Billionaires, out of 1145 Billionaires, 456 is in US. First time there are more than 1000 are Billionaires. Approx 70% of Billionaires came from US, India, China and Russia. So this countries will be certainly financial power in the world. Interestingly, 4 out of top 10 Billionaires are Indians, taking 4,5,6 and 8 spot, namely Laxshmi Mittal, Mukesh Ambani, Anil Ambani and KP Singh (Real estate king). If you consider family, Ambani Family is the richest in the world.

What a few years make a diffence!!

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